Prepaid Metering

Meters, Software, and Services: Opportunities, Challenges,
and Global Market Analysis and Forecasts

The market for prepaid electric metering is steadily gaining ground due to smart metering technology, as well as growing acceptance of the idea of prepaying for services. Smart meters and the accompanying advanced infrastructure can enable utilities to offer prepay as an option. However, some regulators have not allowed this payment method because they see risks to vulnerable customers, such as the elderly or those on low incomes. Other customers prefer prepaying for electricity since it helps them better manage their budgets and, in some cases, reduce their energy consumption.

In a few markets, like Great Britain, South Africa, and some countries in Asia Pacific, the existing prepaid meters and payment systems have been accepted and adoption is expected to grow. In Great Britain, for example, new smart meters will be installed so they can be used for prepay if the customer desires. In South Africa, prepay has been in use for more than 20 years, and conventional prepaid meters are expected to change slowly to smart versions as investments in new metering technology unfold. Similarly, in some Asia Pacific markets like Indonesia, conventional prepaid metering has a foothold and is expected to shift gradually to more advanced methods. According to Navigant Research, the global installed base of prepaid metering customers is expected to grow from 31.7 million in 2014 to 85.2 million in 2024.

This Navigant Research report examines the global market opportunity for prepaid electric metering, including the meters and related software and services. The study provides an analysis of the drivers and barriers shaping the markets for conventional prepaid, smart prepaid thick, and smart prepaid thin meters, along with key technology issues. Global market forecasts for shipments, installed base, and revenue, segmented by region and meter type, extend through 2024. Key vendor profiles and a discussion of broad metering trends are included as well.

Key Questions Addressed:
  • What are the key trends shaping the prepaid electric metering market?
  • What types of prepaid electricity programs are available?
  • What is the size of the prepaid metering market?
  • What technical issues influence the prepaid electric metering market?
  • What is the forecast for the installed base of prepaid electric metering?
  • Who are some of the key vendors in the prepaid metering market?
Who needs this report?
  • Smart and conventional prepaid metering manufacturers
  • Electric utilities and grid operators
  • Software and service vendors
  • Electric utility regulators
  • Systems integrators and consulting firms
  • Government agencies
  • Investor community

Table of Contents

1. Executive Summary

1.1  Prepay Gaining Ground

1.2  Market Drivers

1.2.1   Customer Drivers

1.3  Market Barriers

1.4  Market Forecast

2. Market Issues   

2.1  Introduction

2.2  Definition of Prepaid Metering

2.3  Market Drivers

2.3.1   Utility Drivers

2.3.2   Customer Drivers

   2.3.2.1  Energy Savings

2.4  Market Barriers

2.4.1   Consumer Protection and Regulators

2.5  Regional Deployments of Prepaid Systems

2.5.1   North America

   2.5.1.1  Case Study: SRP

      2.5.1.1.1.  Future of M-Power

   2.5.1.2  OEC

   2.5.1.3  Ocala Utility Services

   2.5.1.4  Canada

2.5.2   Europe

   2.5.2.1  Great Britain

   2.5.2.2  Northern Ireland

   2.5.2.3  Ireland

   2.5.2.4  Belgium

   2.5.2.5  Rest of Europe

2.5.3   Asia Pacific

   2.5.3.1  Indonesia

   2.5.3.2  China

   2.5.3.3  Australia

   2.5.3.4  New Zealand

   2.5.3.5  Timor-Leste

   2.5.3.6  India

2.5.4   Latin America

   2.5.4.1  Argentina

   2.5.4.2  Colombia

   2.5.4.3  Peru

   2.5.4.4  Brazil

   2.5.4.5  Dominica

2.5.5   Middle East & Africa

   2.5.5.1  South Africa

   2.5.5.2  Nigeria

   2.5.5.3  Kenya

   2.5.5.4  Oman

2.6  Prepaid Metering Software

2.7  Prepaid Services

2.8  Customer Satisfaction and Interest in Prepay

2.8.1   Customer Interest in Great Britain

3. Technology Issues

3.1  Introduction

3.2  Meters

3.2.1   Conventional

   3.2.1.1  Meter Innovation

   3.2.1.2  IHDs for Prepayment

3.2.2   Smart Prepay

   3.2.2.1  Thick

   3.2.2.2  Thin

   3.2.2.3  AMI and Smart Metering Infrastructure

3.3  Elements of a Prepay Meter System

3.3.1   A Sampling of Prepay Systems

   3.3.1.1  PayGo

   3.3.1.2  Exceleron Software

   3.3.1.3  Conlog

3.4  STS

3.5  Mobile and Prepayment

3.6  Prepaying for Electric Vehicle Charging

4. Key Industry Players    

4.1  Introduction

4.1.1   Elster Group

4.1.2   Exceleron Software

4.1.3   GE Digital Energy

4.1.4   HCL Technologies

4.1.5   Itron

4.1.6   Junifer Systems

4.1.7   Landis+Gyr

4.1.8   NISC

4.1.9   Oracle

4.1.10   PayGo

4.1.11   SAP

4.1.12   Schneider Electric

4.1.13   Sensus

4.1.14   Siemens Energy

4.1.15   Utiliflex

4.2  Utilities

4.2.1   Eskom

4.2.2   OEC

4.2.3   SRP

5. Market Forecasts 

5.1  Introduction

5.2  North America

5.3  Europe

5.4  Asia Pacific

5.5  Latin America

5.6  Middle East & Africa

5.7  Worldwide

5.8  Conclusions and Recommendations

6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Prepaid Electric Meter Installed Base by Region, World Markets: 2014-2024
  • Prepaid Electric Meter Installed Base by Meter Type, World Markets: 2014-2024
  • Prepaid Electric Meter Installed Base by Meter Type, North America: 2014-2024
  • Conventional Prepaid Electric Meter Revenue, North America: 2014-2024
  • Prepaid Electric Meter Program Software and Services Revenue by Segment, North America: 2014-2024
  • Prepaid Electric Meter Installed Base by Meter Type, Europe: 2014-2024
  • Conventional Prepaid Electric Meter Revenue, Europe: 2014-2024
  • Prepaid Electric Meter Program Software and Services Revenue by Segment, Europe: 2014-2024
  • Prepaid Electric Meter Installed Base by Meter Type, Asia Pacific: 2014-2024
  • Conventional Prepaid Electric Meter Revenue, Asia Pacific: 2014-2024
  • Prepaid Electric Meter Program Software and Services Revenue by Segment, Asia Pacific: 2014-2024
  • Prepaid Electric Meter Installed Base by Meter Type, Latin America: 2014-2024
  • Conventional Prepaid Electric Meter Revenue, Latin America: 2014-2024
  • Prepaid Electric Meter Program Software and Services Revenue by Segment, Latin America: 2014-2024
  • Prepaid Electric Meter Installed Base by Meter Type, Middle East & Africa: 2014-2024
  • Conventional Prepaid Electric Meter Revenue, Middle East & Africa: 2014-2024
  • Prepaid Electric Meter Program Software and Services Revenue by Segment, Middle East & Africa: 2014-2024
  • Total Conventional Prepaid Electric Meter and Software and Services Revenue by Region, World Markets: 2014-2024
  • Key Components of SRP’s M-Power Prepaid Metering System
  • Examples of Conventional Prepay Meters
  • SRP’s M-Power IHD and Prepayment Card
  • PayGo Prepaid Metering System Architecture
  • Conlog Prepaid Metering Management System

List of Tables

  • Prepaid Electric Meter Installed Base by Region, World Markets: 2014-2024
  • Prepaid Electric Meter Installed Base by Meter Type, World Markets: 2014-2024
  • Conventional Prepaid Electric Meter Shipments by Region, World Markets: 2014-2024
  • Conventional Prepaid Electric Meter Installed Base by Region, World Markets: 2014-2024
  • Conventional Prepaid Electric Meter Installed Base Year-to-Year Growth by Region, World Markets: 2014-2024
  • Smart Thick Prepaid Electric Meter Installed Base by Region, World Markets: 2014-2024
  • Smart Thick Prepaid Electric Meter Installed Base Year-to-Year Growth by Region, World Markets: 2014-2024
  • Smart Thin Prepaid Electric Meter Installed Base by Region, World Markets: 2014-2024
  • Smart Thin Prepaid Electric Meter Year-to-Year Growth by Region, World Markets: 2014-2024
  • Conventional Prepaid Electric Meter Revenue by Region, World Markets: 2014-2024
  • Conventional Prepaid Electric Meter Average Selling Price by Region, World Markets: 2014-2024
  • Conventional Prepaid Electric Meter Year-to-Year Revenue Growth by Region, World Markets: 2014-2024
  • Prepaid Electric Meter Program Software Revenue by Region, World Markets: 2014-2024
  • Prepaid Electric Meter Program Software Revenue by Meter Type, North America: 2014-2024
  • Prepaid Electric Meter Program Software Revenue by Meter Type, Europe: 2014-2024
  • Prepaid Electric Meter Program Software Revenue by Meter Type, Asia Pacific: 2014-2024
  • Prepaid Electric Meter Program Software Revenue by Meter Type, Latin America: 2014-2024
  • Prepaid Electric Meter Program Software Revenue by Meter Type, Middle East & Africa: 2014-2024
  • Prepaid Electric Meter Program Services Revenue by Region, World Markets: 2014-2024
  • Prepaid Electric Meter Program Software and Services Revenue by Region, World Markets: 2014-2024
  • Total Conventional Prepaid Electric Meter and Software and Services Revenue by Region, World Markets: 2014-2024
  • Prepaid Electric Meter Installed Base Penetration by Region, World Markets: 2014-2024

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